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20121127
20121127
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CNBC
Nov 27, 2012 4:00am EST
across the floor and it keeps crawling away from us. we're picking up up the baby and bringing it back closer to us, but it's still crawling. so as soon as you put it down, it's heads off back where it came from. so the real problem with greece, they say the good news is we'll stay in the euro. really? the problem for greece is that greece in the euro appears to be uncompetitive. you either come out of the euro, and you have big significant drop in the value of your currency so everything that you do, no one would seem there is much change in import costs, but suddenly everything in greece is more than competitive. but if you stay, instead of the currency dropping 0%, every person's salary has dropped 30%. so this gets much, much harder. >> it's clear the internal devaluation is much more difficult, but also that it has been happening in greece. p what's your take on this? ich heard t i've heard the argument about the internal devaluation which is extremely difficult and results in the break down of the social cohesion. p are they making enough progress in your view, will they con
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